Exclusive: NYSE shelves plans for CFD market

NYSE Euronext has shelved plans for a retail focused electronic CFD platform just months after it was announced, FOW has learned.

The market would have offered trading in
contract-for-difference instruments on commodities, currency
pairs and equities.

Plans for the MTF, which were being developed internally
under the name Tangent, were unveiled in April when the
exchange group was reported to have spent £7m ($11m) on
the development of the platform.

This article is available to subscribers and registered users

Please log in to continue reading.

Not yet registered? Take a free trial.

If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.